Last $9.23 USD
Change Today -0.01 / -0.11%
Volume 404.6K
MWA On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

mueller water products inc-a (MWA) Snapshot

Open
$9.24
Previous Close
$9.24
Day High
$9.30
Day Low
$9.18
52 Week High
03/4/14 - $10.04
52 Week Low
10/9/13 - $7.44
Market Cap
1.5B
Average Volume 10 Days
661.1K
EPS TTM
$0.29
Shares Outstanding
159.7M
EX-Date
08/7/14
P/E TM
32.0x
Dividend
$0.07
Dividend Yield
0.76%
Current Stock Chart for MUELLER WATER PRODUCTS INC-A (MWA)

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mueller water products inc-a (MWA) Details

Mueller Water Products, Inc. manufactures and markets products and services used in the transmission, distribution, and measurement of water primarily in the United States and Canada. The company operates through two segments, Mueller Co. and Anvil. The Mueller Co. segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, plug, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks; small valves, meter bars, and line stopper fittings for use in gas systems; machines and tools for tapping, drilling, extracting, installing, and stopping-off; and municipal castings comprising manhole covers and street drain grates. It also provides residential and commercial metering products and systems; and leak detection and pipe condition assessment products and services. This segment sells its products primarily through waterworks distributors to various end user customers, including municipalities, water and wastewater utilities, gas utilities, and fire protection and construction contractors. The Anvil segment offers a range of products, including various fittings, couplings, hangers, valves, and related piping component system products for use in non-residential construction for fire protection, industrial, energy, and oil and gas applications. This segment sells its products principally through distributors to various end users, including commercial contractors. Mueller Water Products, Inc. is headquartered in Atlanta, Georgia.

4,100 Employees
Last Reported Date: 11/22/13

mueller water products inc-a (MWA) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $875.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $369.1K
President of Mueller Company segment
Total Annual Compensation: $398.2K
President of Anvil International Segment
Total Annual Compensation: $389.8K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $381.5K
Compensation as of Fiscal Year 2013.

mueller water products inc-a (MWA) Key Developments

Mueller Water Products, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Mueller Water Products, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. Net sales for the 2014 third quarter increased $19.1 million, or 6.4%, to $318.5 million as compared with $299.4 million for the 2013 third quarter, due primarily to higher shipment volumes at both Mueller Co. and Anvil. Adjusted operating income for the 2014 third quarter increased 26.9% to $42.0 million as compared with $33.1 million for the 2013 third quarter. This increase was due primarily to higher shipment volumes. Operating income was $41.8 million against $32.9 million a year ago. Income before income taxes was $29.3 million against $20.2 million a year ago. Income from continuing operations was $18.5 million or $0.11 per diluted share against $16.0 million or $0.10 per diluted share a year ago. Net income was $18.5 million or $0.11 per diluted share against $14.1 million or $0.09 per diluted share a year ago. Adjusted EBITDA was $56.0 million against $47.7 million a year ago. Adjusted income from continuing operations was $17.5 million or $0.11 per diluted share against $12.1 million or $0.08 per diluted share a year ago. Net debt as at June 30, 2014 was $449.9 million. Free cash flow, which is cash flows from operating activities less capital expenditures, was $46.2 million for the 2014 third quarter compared to $37.4 million for the 2013 third quarter. For the nine months, the company reported net sales of $864.0 million against $827.6 million a year ago. Operating income was $81.1 million against $64.1 million a year ago. Income before income taxes was $43.5 million against $23.7 million a year ago. Income from continuing operations was $29.3 million or $0.18 per diluted share against $18.6 million or $0.12 per diluted share a year ago. Net income was $29.3 million or $0.18 per diluted share against $27.3 million or $0.17 per diluted share a year ago. Net cash provided by operating activities from continuing operations was $61.0 million against $42.8 million a year ago. Capital expenditures were $25.5 million against $23.9 million a year ago. Adjusted operating income was $84.1 million against $65.4 million a year ago. Adjusted EBITDA was $126.6 million against $109.8 million a year ago. Adjusted income from continuing operations was $30.0 million or $0.19 per diluted share against $15.6 million or $0.10 per diluted share a year ago. For the 2014 fourth quarter, the company expects adjusted operating income to improve and for adjusted operating margin to expand in the fourth quarter year-over-year. For 2014, the company’s corporate expenses are expected to be $35 million to $37 million; depreciation and amortization is expected to be $56 million to $57 million; and interest expense is expected to be about $50 million. Adjusted effective income tax rate is expected to be 37% to 39%. Capital expenditures are expected to be $35 million to $36 million. For 2014, the company continues to expect free cash flow to be stronger than in 2013, driven primarily by improved operating results. Additionally, the company expects cash income taxes to be minimal in 2014 as it continues to benefit from utilization of net operating loss carry forwards.

Mueller Water Products Calls for Partial Redemption of its 7 3/8% Senior Subordinated Notes Due 2017 on August 29, 2014

Mueller Water Products, Inc. announced that it has delivered a notice to redeem a principal amount of $55.0 million of its 7 3/8% senior subordinated notes due 2017. The redemption price is 101.229% of the principal amount redeemed, plus accrued and unpaid interest. The redemption date will be August 29, 2014.

Mueller Water Products Announces Quarterly Dividend, Payable on or About August 20, 2014

Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of 1.75 cents ($0.0175) per share, payable on or about August 20, 2014 to stockholders of record as of the close of business on August 11, 2014.

 

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Industry Analysis

MWA

Industry Average

Valuation MWA Industry Range
Price/Earnings 32.4x
Price/Sales 1.3x
Price/Book 4.3x
Price/Cash Flow 34.4x
TEV/Sales 0.6x
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